S
Simba2
Guest
Taking out life cover for first time as HB self employed and not available at my work. Have 2 dependants and own one property that is rented and mortgage on home and some savings. Have mortgage protection. Have just started income protection.
What level is adequate for Life cover - broker suggests salary x4 but we reckon we can survive on x 2. (half the premium) and invest some other money.
He has suggested Serious illness but we think it's alot of money i.e. life cover & si for circa 160 per month- worse case we will own 2 properties and can sell one/ downsize....then I'm thinking is that enough !!
Any advice?
What level is adequate for Life cover - broker suggests salary x4 but we reckon we can survive on x 2. (half the premium) and invest some other money.
He has suggested Serious illness but we think it's alot of money i.e. life cover & si for circa 160 per month- worse case we will own 2 properties and can sell one/ downsize....then I'm thinking is that enough !!
Any advice?